Average Amount Spent on Housing Sector Programs That May Provide a Subsidy in FY2008, Per Household
Households = 117,181,000
Estimates rely on government data which can be inaccurate. Overall we believe the estimates to be lower bounds due to missing data in federal data sets. In cases where we know the omissions are significant, such as subsidy estimates for risk transfers, we will note that an estimate is 'unknown' in the form of a question mark. Per household figure is calculated using data from the March 2009 Current Population Survey. Estimates calculated as of March 2011.
Housing Sector Updates
March 30, 2011
Subsidyscope finds that the federal role in the American housing market is larger than any sector studied thus far, including the transportation, nonprofit and energy sectors. In FY2009, the government spent $244 billion on housing-related grants and tax expenditures. This is an average of about $2,085 dollars per household.The data also show that the government provides significant support for the housing sector through loan guarantees. In fiscal year 2009, federal agencies backed about $688 billion in loans for single- or multi-family homes. These estimates do not include direct housing loans or the substantial liabilities the government assumed when it took over Fannie Mae and Freddie Mac. Read more »